RBC Bearings Incorporated (NASDAQ:ROLL) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $138.75.
Several research firms have recently issued reports on ROLL. Zacks Investment Research cut RBC Bearings from a “buy” rating to a “hold” rating in a report on Tuesday, August 21st. William Blair reaffirmed an “outperform” rating on shares of RBC Bearings in a research report on Thursday, May 31st. BidaskClub lowered RBC Bearings from a “buy” rating to a “hold” rating in a research report on Saturday, August 4th. Royal Bank of Canada reaffirmed a “sell” rating on shares of RBC Bearings in a research report on Thursday, August 9th. Finally, SunTrust Banks began coverage on RBC Bearings in a research report on Wednesday, June 20th. They issued a “hold” rating and a $133.00 target price on the stock.
In related news, CEO Michael J. Hartnett sold 4,325 shares of the stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $128.06, for a total value of $553,859.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard R. Crowell sold 2,100 shares of the firm’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $129.71, for a total value of $272,391.00. The disclosure for this sale can be found here. Insiders sold a total of 261,783 shares of company stock worth $35,599,070 over the last ninety days. Corporate insiders own 3.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Amalgamated Bank raised its position in RBC Bearings by 15.4% in the second quarter. Amalgamated Bank now owns 3,607 shares of the industrial products company’s stock valued at $465,000 after purchasing an additional 481 shares during the period. M&T Bank Corp raised its position in RBC Bearings by 9.7% in the first quarter. M&T Bank Corp now owns 15,833 shares of the industrial products company’s stock valued at $1,967,000 after purchasing an additional 1,402 shares during the period. Schwab Charles Investment Management Inc. raised its position in RBC Bearings by 3.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 140,689 shares of the industrial products company’s stock valued at $17,474,000 after purchasing an additional 5,111 shares during the period. Port Capital LLC raised its position in RBC Bearings by 3.3% in the first quarter. Port Capital LLC now owns 125,959 shares of the industrial products company’s stock valued at $15,644,000 after purchasing an additional 4,051 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in RBC Bearings by 31.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,628 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 391 shares during the period. 96.55% of the stock is currently owned by institutional investors.
ROLL stock opened at $152.85 on Monday. RBC Bearings has a 52-week low of $106.68 and a 52-week high of $153.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.12 and a current ratio of 5.79. The firm has a market cap of $3.68 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 5.40 and a beta of 1.50.
RBC Bearings (NASDAQ:ROLL) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.10. RBC Bearings had a return on equity of 12.29% and a net margin of 13.51%. The business had revenue of $176.00 million for the quarter, compared to analysts’ expectations of $174.32 million. During the same quarter last year, the firm earned $0.91 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. equities research analysts predict that RBC Bearings will post 4.73 EPS for the current fiscal year.
About RBC Bearings
RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. It operates in four segments: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify inevitable misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.
See Also: Earnings Per Share
Receive News & Ratings for RBC Bearings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBC Bearings and related companies with MarketBeat.com's FREE daily email newsletter.